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Archive for December 2021

Notice regarding Assembly Bill 150

Dear client,   On July 16 2021, CA Governor signed Assembly bill 150, and the bill allows some pass-through entities taxed as S corporations and partnerships that do business in California to elect to pay a 9.3% entity-level tax on income that California would normally tax as personal income when passed through to the owners.…

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Recent Posts

  • City of Los Angeles & Unincorporated Area within LA County – New Minimum Wage Ordinance Effective 7/1/2022
  • Notice regarding Assembly Bill 150
  • Temporary allowance of full deduction for business meals on the Consolidated Appropriations Act, 2021 (the Act)
  • Employer tax benefit on the Consolidated Appropriations Act, 2021 (the Act)
  • [6/6/2020] Coronavirus 2019 (Covid-19) Tax Update 6: PPP Loan Forgiveness

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